Zacks: Analysts Expect WesBanco, Inc. (NASDAQ: WSBC) to Show Quarterly Sales of $ 144.49 million
Analysts expect WesBanco, Inc. (NASDAQ: WSBC) to post revenue of $ 144.49 million for the current fiscal quarter, Zacks investment research reports. Three analysts provided earnings estimates for WesBanco, with estimates ranging from $ 140.34 million to $ 148.32 million. WesBanco reported sales of $ 155.21 million in the same quarter last year, which would suggest a negative growth rate of 6.9% year-over-year. The company is expected to announce its next earnings report on Wednesday, October 20.
On average, analysts expect WesBanco to report annual revenue of $ 587.94 million for the current year, with estimates ranging from $ 583.98 million to $ 594.65 million. dollars. For the next fiscal year, analysts predict the company will post sales of $ 562.22 million, with estimates ranging from $ 542.33 million to $ 581.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts who follow WesBanco.
WesBanco (NASDAQ: WSBC) last released its quarterly earnings data on Tuesday, July 27. The financial services provider reported EPS of $ 1.01 for the quarter, beating the consensus estimate of $ 0.75 by $ 0.26. The company posted revenue of $ 151.97 million in the quarter, compared to analysts’ expectations of $ 149.17 million. WesBanco had a net margin of 36.64% and a return on equity of 9.17%. WesBanco’s revenue for the quarter increased 0.1% year-over-year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.07.
WSBC has been the subject of several recent analyst reports. Raymond James downgraded WesBanco shares from an “outperformance” rating to a “market performance” rating in a research note on Thursday, July 8. Zacks investment research reduced WesBanco’s stock from a “buy” rating to a “hold” rating in a research note on Thursday, August 5. Finally, B. Riley reissued a “neutral” rating on WesBanco shares in a research note on Tuesday, July 27. Seven investment analysts rated the stock with a conservation rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $ 33.25.
Several institutional investors have recently changed their positions in the company. NTV Asset Management LLC increased its stake in WesBanco shares by 2.3% in the 1st quarter. NTV Asset Management LLC now owns 14,950 shares of the financial services provider valued at $ 539,000 after purchasing an additional 330 shares in the last quarter. M&T Bank Corp increased its stake in WesBanco shares by 6.5% in the 2nd quarter. M&T Bank Corp now owns 7,806 shares of the financial services provider valued at $ 278,000 after purchasing an additional 476 shares in the last quarter. Franklin Resources Inc. increased its holdings in WesBanco by 1.2% during the 2nd quarter. Franklin Resources Inc. now owns 43,200 shares of the financial services provider valued at $ 1,539,000 after purchasing an additional 500 shares in the last quarter. US Bancorp DE increased its stake in WesBanco by 0.9% in the second quarter. US Bancorp DE now owns 65,018 shares of the financial services provider valued at $ 2,316,000 after purchasing 582 additional shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in WesBanco by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 36,027 shares of the financial services provider valued at $ 1,284,000 after purchasing an additional 595 shares in the last quarter. 62.31% of the shares are held by institutional investors.
Actions of NASDAQ: WSBC open for $ 31.25 Friday. The company has a 50-day moving average of $ 33.09 and a 200-day moving average of $ 35.58. The stock has a market cap of $ 2.04 billion, a P / E ratio of 9.14 and a beta of 1.09. WesBanco has a 12 month low of $ 19.56 and a 12 month high of $ 39.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt ratio of 0.19.
The firm also recently unveiled a quarterly dividend, which will be paid on Friday, October 1. Shareholders of record on Friday, September 10 will receive a dividend of $ 0.33. The ex-dividend date is Thursday, September 9. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 4.22%. WesBanco’s dividend payout ratio (DPR) is 70.21%.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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